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Sanghvi Movers Plunges 51%; BSE CAPITAL GOODS Index Down 0.2%
Fri, 27 Sep 14:25

Sanghvi Movers Plunges 51%; BSE CAPITAL GOODS Index Down 0.2%Image source: ThinkNeo/www.istockphoto.com

Sanghvi Movers share price has plunged 51% and is presently trading at Rs 408.9.

Meanwhile, the BSE CAPITAL GOODS index is at 73,463.3 (down 0.2%).

Among the top losers in the BSE CAPITAL GOODS index today are L&T (down 1.9%) and Thermax (down 1.2%).

Lakshmi Machine (up 3.0%) and BHEL (up 2.2%) are among the top gainers today.

Over the last one year, Sanghvi Movers has moved down from Rs 667.9 to Rs 408.9, registering a loss of Rs 259.0 (down 38.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,582.2 to 73,463.3, registering a gain of 57.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 130.7%), BHEL (up 129.2%) and Bharat Electronics (up 113.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 85,592.9 (down 0.3%).

The top losers among the BSE Sensex today are Power Grid Corp. (down 2.9%) and Bharti Airtel (down 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 26,201.9 (down 0.1%). Power Grid Corp. and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.7 to 85,592.9, registering a gain of 19,569.2 points (up 29.6%).

Sanghvi Movers Financial Update...

Sanghvi Movers net profit fell 3.1% YoY to Rs 405 million for the quarter ended June 2024, compared to a profit of Rs 418 million a year ago. Net sales rose 3.1% to Rs 1,506 million during the period as against Rs 1,461 million in April-June 2023.

For the year ended March 2024, Sanghvi Movers reported 67.7% increase in net profit to Rs 1,879 million compared to net profit of Rs 1,121 million during FY23. Revenue of the company grew 35.7% to Rs 6,185 million during FY24.

The current Price to earnings ratio of Sanghvi Movers, based on rolling 12 month earnings, stands at 9.5.


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